On November 11, 2026, BlockBeats reported that JPYC Inc. CEO Noritaka Okabe expected demand for the yen-pegged stablecoin JPYC to rise as more banks face service interruptions. The report presents this as Okabe’s forecast, not an observed increase in demand.
Okabe’s comments followed GMO Aozora Net Bank’s suspension of some banking API services after it detected unauthorized communications. BlockBeats also reported that the bank’s parent, GMO Internet Group, had experienced a major cybersecurity incident the previous month involving ransom demands after unauthorized access to servers.
BlockBeats described JPYC as a regulated, yen-pegged stablecoin and noted that the company registered with Japanese authorities as a funds transfer service provider in October 2025. The reported disruptions provide context for Okabe’s claim, but the article supplies no demand figures showing that they led to greater JPYC use.
Original report: BlockBeats, published November 11, 2026, at 16:50 (UTC+8).